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August, 28, 2016

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Business > Asia > China
Foreign companies face an "increasingly hostile" environment in China, a European business lobby said on Tuesday, with fewer than half of its members saying they currently plan to expand operations in the world's second-largest economy.
 
Chinese oversupply of steel is "damaging and distorting" global markets, U.S. Treasury Secretary Jacob Lew said Monday, joining a chorus of criticism that blames Beijing for plant closures and job losses in the industry worldwide.
 
China manufacturing expands 3rd straight month
Activity in Chinese factories expanded for the third straight month in May, official data showed, a further sign of stabilization in the world's second largest economy after a period of slow growth.
 
China economy eases in April, sparking worries on rebound
China's key economic indicators moderated in April from the previous month, official figures showed on Saturday, raising worries over the strength of a rebound in the world's second-largest economy.
 
China announces measures to boost its sagging exports
China's Cabinet has approved measures to boost exports in a move that might inflame tensions with Western trading partners that accuse Beijing of flooding their markets with steel and other goods at improperly low prices.
 
Mainland Chinese producer prices declined at their slowest rate in 16 months in April, official data showed Tuesday, a positive sign for the world's second-largest economy.
 
The Chinese economy is unlikely to see a V- or U-shaped recovery in the next year or two, but a flat L-shaped growth amid the country's slow demand and excess production capacity, The People's Daily quoted "a powerful figure in authority" in reporting on Monday.
 
U.S. social network Facebook has won a trademark case in China against a local company, state media reported Monday, weeks after a court ruled against tech giant Apple in a similar suit over its iPhone brand.
 
Mainland China's central bank on Wednesday fixed the yuan currency nearly 0.60 percent weaker against the U.S. dollar, according to the national foreign exchange market, the biggest downward move since devaluing the unit in August last year.
 
Chinese factory activity weakened further in April, a private survey indicated Tuesday, as muted demand and market weakness hit the struggling export-oriented sector.
 
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